Economics

Credit ratings agency Fitch has confirmed the European Union's long-term issuer default ratings at AAA.

Treasury resources were 'stretched and unprepared' for the 2008 financial crisis, according to a damning new report.

George Soros lost out on two legal bids this week, which are set to cost the billionaire investor millions.

US real GDP increased at an annual rate of 3% in the fourth quarter of last year, according to the third and final estimate from the Bureau of Economic Analysis (BEA).

Retail investors are continuing to flock to fixed income funds, topping up their positions by over £500m last month, despite the rally in equities.

Merchant House Group, the AIM-listed financial services group, has suspended trading in its shares.

The FSA's director of supervision at its conduct business unit, Clive Adamson, told an investor in the Arch cru funds that complaining to their IFA was the ‘best course of action' in order to get some form of redress, as the scandal broke in 2009.

The UK is back in recession, according to the latest growth projections from the OECD, while the recovery in the G7 economies remains ‘fragile'.

Brent crude oil prices fell 1.1% to $123.53 to last night as it emerged leaders of developed economies are in talks to release emergency reserves to push fuel prices lower.

Shares in the US and across Asia fell overnight as investors fretted over the outlook for global growth, amid weak data from the US.